Check accepting and cash dispensing automated banking machine system and method

Abstract

An automated banking machine system includes ATMs that can accept checks. Cash may be dispensed from an ATM to the user in exchange for a check. Cancellation indicia can be marked on the check by the ATM. The ATM can acquire image data and magnetic data from a received check to determine the genuineness of the check and the authority of the user to cash the check. A check imaging device of the ATM can generate a digital image of a received check. The check image data can be stored in correlated relation with the related transaction data. The ATM can also modify the check image data to produce a modified check image that excludes sensitive check information, such as the user's account number in the micr line. The ATM can then print this modified check image on the user's transaction receipt.

Description

CROSS REFERENCE TO RELATED APPLICATIONS[0001]This application is a divisional of U.S. patent application Ser. No. 11 / 586,273 filed Oct. 25, 2006, now U.S. Pat. No. 7,216,801 which is a continuation of U.S. patent application Ser. No. 11 / 168,077 filed Jun. 27, 2005, now U.S. Pat. No. 7,137,551, which claims the benefit of U.S. Provisional Application 60 / 584,622; 60 / 584,592; 60 / 584,532; 60 / 584,742; and 60 / 584,578 filed Jun. 29, 2004, and U.S. Provisional Application 60 / 678,916 filed May 6, 2005; U.S. patent application Ser. No. 11 / 168,077 is also a continuation-in-part of U.S. patent application Ser. No. 11 / 039,655 filed Jan. 19, 2005, which claims benefit of U.S. Provisional Application 60 / 537,581; 60 / 537,795; and 60 / 537,788 filed Jan. 20, 2004, and U.S. Provisional Application 60 / 584,622 filed Jun. 29, 2004; U.S. patent application Ser. No. 11 / 168,077 is also a continuation-in-part of U.S. patent application Ser. No. 10 / 944,578 filed Sep. 16, 2004, which claims benefit of U.S. Provi...

AI Technical Summary

Benefits of technology

[0044]In response to the host computer determining that the requested check cashing transaction is suitable to be carried forward, an authorization message is returned from the host computer to the ATM. The ATM operates responsive to instruction data included in the authorization message to cause the check to be moved through the transport section past the printing mechanism. The printing mechanism operates to print indicia on the check. This data represented by the indicia may indicate that the check has been cancelled as well as indicate the particular account of the user to which the check has been credited. In an exemplary embodiment the printing mechanism operates in the manner previously discussed to move into position in response to sensing the check adjacent thereto. This again minimizes the risk of damage to the printing mechanism or the check.

[0045]The computer also operates to control the deposit holding module such that the appropriate compartment therein accepts the deposited check. In the exemplary system the deposit holding module moves the compartment for holding the check into alignment with the outlet of the transport section. The deposited check is then held within the compartment until it is accessed by authorized personnel. Further, in the exemplary embodiment the deposit holding module is operative after receipt of the check into the appropriate compartment to move a tamping member in the compartment. The tamping member operates to assure that the deposited check as well as other checks in the compartment are properly tamped into position so as to reduce the likelihood of interference with acceptance of subsequent checks. The deposited check is then held in the appropriate compartment until removed by authorized personnel.

Problems solved by technology

Delays in crediting a user's account may be experienced due to delays in removing deposits from machines, as well as the time it takes to review deposited items and enter appropriate credits.

If the deposited items include instruments such as checks, further delays may be experienced.

In addition the user commonly incurs a “bad check” fee due to the cost associated with the institution having to handle a dishonored deposit.

All of these complications may result in delays and inconvenience to the user.

Another risk associated with conventional depositories in automated banking machines is that deposited items may be misappropriated.

Because deposited checks and other instruments are not cancelled at the time of receipt by the automated banking machine, they may be stolen from the machine and cashed by unauthorized persons.

Alternatively persons responsible for transporting items from the machine or persons responsible for verifying the items may misappropriate deposited instruments and currency.

Alternatively the handling required for transporting and verifying the contents of deposits may result in deposited instruments being lost.

Such circumstances can result in the user not receiving proper credit for deposited items.

While automated deposit accepting and processing devices provide many advantages and benefits, existing devices may also have drawbacks.

One drawback is that instruments must often be precisely aligned for purposes of reading micr coding or other indicia which is included on the instrument.

A further drawback associated with some existing devices is that they are required to turn and reorient the deposited instrument.

The mechanisms for doing this can be complex.

Such complex mechanisms may encounter reliability problems due to the precise tolerances that must be maintained.

Further difficulty is added by the fact that instruments that are received may be creased, torn or soiled.

Handling such items may be difficult.

Instruments becoming jammed in such mechanisms may result in costly repairs and downtime.

A further drawback associated with some imaging systems in automated banking machines is that it is not practical to transmit an image of a deposited instrument for review and analysis at the time it is received.

A further drawback is that even when images may be transmitted sufficiently quickly, the operator of the system is required to invest in the resources necessary to analyze the transmitted image and make a determination as to whether the deposited item should be accepted as valid or not.

Providing such capabilities may be costly for the systems operator.

Advances in photocopy technology also may make it difficult for operators of such systems to distinguish between genuine items and reproductions.

As a result even with carefully operated and administered systems there is a risk that deposited items which are not genuine may be accepted.

As a result it has been difficult to achieve real time check verification and cashing in widely distributed systems.

Further, in some systems it is difficult to readily correlate an image file with the particular transaction with which the image file is associated.

There may also be concerns in some systems with regard to the integrity of system data.

For example there are risks that electronic image data representative of check images may be modified in order to carry out fraudulent activities.

However, such markings may render it impossible to prove the character of the original check as it was received.

A further drawback associated with some automated banking machine systems is that they cannot be used by individuals who do not have bank accounts.

This makes the use of automated banking machines generally unsuitable for persons who do not have bank accounts and / or cannot wait several days for deposited items to be verified and credited to their account.

A further drawback associated with some existing automated banking machine systems is that some operators of such systems may wish to retain the capability to accept deposits in the form of items such as envelopes as well as checks and other instruments.

Providing two separate depositories may add considerable cost and complexity to the machine.

The capability of accepting both types of deposits is difficult to achieve because deposited instruments and envelopes may have varying thicknesses.

Such combined depositories may also suffer from having lower security capabilities than mechanisms which are designed to accept only one type of deposit.

This presents challenges for reliably handling such items.

Current depository mechanisms do not have the capability of reliably handling or imaging such items.

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